Tax

Taxation affects each and every one of us. Whether you run a small business or work for a large corporation, getting your tax obligations in order is essential. Australia's tax system is one of the most complicated in the world, with constant changes and new regulations being added regularly. When it comes to the preparation and lodgement of your tax return, it makes sense to trust the advice of professionals. That's why you should contact KLP Taxation.

KLP Taxation have experience in all areas of tax compliance and returns, from individual returns to larger business lodgements.

Individual Tax

KLP Taxation can help you with the preparation and lodgement of your tax return. We have an excellent knowledge of the deductions associated with many different industries and we will consult with you thoroughly to ensure we maximise any applicable return. During tax time, our office is open for Saturday appointments to ensure you can have your return prepared and lodged by the deadline.

Have you completed your own return online using the Australian Tax Office website or app, but don't feel confident in the assessment? At KLP Taxation, we can review your statement of assessment before or after lodgement of your return. Our friendly tax agents can also review assessments from previous financial years.

Partnership Tax

If your business runs under a partnership agreement, you enjoy many benefits. While a
partnership itself does not pay tax, a return must still be completed and lodged. The individuals
in the partnership are also required to lodge their own personal tax returns. At KLP Taxation,
we can make this whole process much more simple for you.

Our Mission Beach tax agent can ensure ATO-compliant tax returns are completed for both
your partnership and you as an individual. We can also provide personalised advice on ways
to maximise your return, keep better records of your deductions and reduce overall expenses.

Trust Tax Returns

Protecting your assets by setting up a trust is a common practice. It can help to carefully
distribute your income, minimising your taxation responsibilities, and allow for long-term
financial planning. At KLP Taxation, we have qualified accountants and tax agents who
specialise in tax returns for trusts.

When you deal with our skilled tax experts, you can rest assured that they are making use of
the most up-to-date advice from the Australian Tax Office. Our tax services for trust funds
include:

Preparation and lodgement of trust tax returns

Depreciation schedule on trust assets

Profit and loss statement preparation

GST reconciliation

Fringe benefits tax reporting (where required)

Your tax accountant will explain all reports to you before completing the assessment. KLP
Taxation can then lodge the return on your behalf.

Company Tax Returns

A company tax return is one of the many obligations that comes with running a business, no
matter how large or small. At KLP Taxation, we can make it easier than ever to manage the
co-ordination of your return. As a registered tax office, we can complete the return for you and
submit it to the Australian Tax Office on your behalf.

Having a qualified taxation specialist complete the return for your business can take a lot of
stress out of tax time. We can help you find deductions you may have missed, as well as
discuss business structures that may help to reduce your tax obligations.

About us

KLP Taxation is a Cassowary Coast accounting and taxation firm. We assist small business owners and individuals in Innisfail, Cardwell, Mission Beach and the surrounding areas with all their accounting needs. Enjoy personalised service from licensed, experienced and friendly accountants. Our firm can help you with your bookkeeping, tax returns, business activity statements, financial statement preparation and much more. Drop in to our office to make an appointment or
call our helpful staff
to book a consultation today.